China cuts reserve ratio again

peoples-bank-of-china

The People's Bank of China on Febraury 18 announced a 50 basis point cut to its reserve ratio, from 21% to 20.5%, for the country's largest banks, effective from February 24.

The Chinese central bank had steadily added to the reserve requirement during the past couple of years, so its second cut in the space of four months is another indication that the lending situation in China is changing. Banks are no longer being required to lock up such large quantities in cash and instead find themselves

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: